Financial Times FT.com

GM to suspend production at Korean plants

By John Reed in London

Published: November 11 2008 18:07 | Last updated: November 11 2008 19:11

General Motors plans to suspend production at its factories in South Korea for about two weeks starting next month in one of the strongest signs yet that the crisis in carmaking has spread to Asia.

The shutdown will take effect from late December and affect all five of GM’s Korean plants formerly owned by Daewoo, which form one of the lossmaking US carmaker’s best-performing business units.

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